Tax refunds are a scam and Democrats are feeding it
Some Democrats are claiming that people are paying more in taxes because tax refunds are lower this year.
But media analyst #EddieScarry says this is a lie.
Tax rates are lower, and the #IRS also adjusted the withholding formula to take less. This meant #Bigger #Paychecks during the year, even if there’s a lower annual #Refund.
“#Regular people find some joy each year in getting that check back from the #IRS, the same way you might get a rush from finding $20 in a coat you pulled out of storage for the winter.
But, why should it be taken for granted that every year, you give the government a nice little loan that they pay back with no #Interest?” Scarry said.
To read more from the Washington Examiner, click here.